TTEC Holdings, Inc. (NASDAQ:TTEC) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of TTEC Holdings, Inc. (NASDAQ:TTEC) have received a consensus recommendation of “Hold” from the six ratings firms that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $11.90.

A number of brokerages recently commented on TTEC. Guggenheim upgraded shares of TTEC from a “sell” rating to a “neutral” rating in a research report on Tuesday, October 1st. StockNews.com downgraded shares of TTEC from a “hold” rating to a “sell” rating in a research report on Friday, September 6th. Northland Securities reduced their price objective on shares of TTEC from $19.00 to $16.00 and set an “outperform” rating for the company in a research report on Tuesday, August 13th. Finally, Canaccord Genuity Group reduced their price target on shares of TTEC from $8.00 to $4.50 and set a “hold” rating for the company in a research report on Tuesday, August 13th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TTEC. PNC Financial Services Group Inc. increased its stake in shares of TTEC by 42.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,407 shares of the business services provider’s stock worth $95,000 after purchasing an additional 1,323 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of TTEC by 47.2% during the 1st quarter. BNP Paribas Financial Markets now owns 45,958 shares of the business services provider’s stock worth $477,000 after purchasing an additional 14,728 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of TTEC by 56.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 33,121 shares of the business services provider’s stock worth $343,000 after purchasing an additional 11,997 shares in the last quarter. Quantbot Technologies LP increased its stake in shares of TTEC by 59.1% during the 1st quarter. Quantbot Technologies LP now owns 27,648 shares of the business services provider’s stock worth $287,000 after purchasing an additional 10,275 shares in the last quarter. Finally, Illinois Municipal Retirement Fund increased its stake in shares of TTEC by 46.0% during the 1st quarter. Illinois Municipal Retirement Fund now owns 17,401 shares of the business services provider’s stock worth $180,000 after purchasing an additional 5,481 shares in the last quarter. 38.03% of the stock is owned by hedge funds and other institutional investors.

TTEC Stock Performance

NASDAQ TTEC opened at $5.44 on Wednesday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 3.06. TTEC has a 52-week low of $3.67 and a 52-week high of $22.69. The business’s 50-day moving average price is $4.99 and its 200 day moving average price is $6.11. The firm has a market cap of $258.71 million, a P/E ratio of -20.92, a P/E/G ratio of 3.04 and a beta of 1.04.

TTEC (NASDAQ:TTEC) last released its quarterly earnings results on Thursday, August 8th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.14). TTEC had a positive return on equity of 7.38% and a negative net margin of 13.39%. The company had revenue of $534.09 million for the quarter, compared to analysts’ expectations of $554.67 million. On average, equities research analysts expect that TTEC will post 0.44 earnings per share for the current year.

About TTEC

TTEC Holdings, Inc operates as a customer experience (CX) company that designs, builds, and operates technology-enabled customer experiences across digital and live interaction channels. It operates through two segments, TTEC Digital and TTEC Engage. The TTEC Digital segment provides CX technologies for contact center as a service, customer relationship management, and artificial intelligence (AI) and analytics; creates and implements strategic CX transformation roadmaps; sells, operates, and provides managed services for cloud platforms and premise based CX technologies; creates proprietary IP to support industry specific and custom client needs; and offers CX consulting services.